Salomon & Ludwin LLC Sells 5,395 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Salomon & Ludwin LLC cut its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,841 shares of the exchange traded fund’s stock after selling 5,395 shares during the period. Salomon & Ludwin LLC owned 0.08% of First Trust Morningstar Dividend Leaders Index worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FDL. LPL Financial LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after acquiring an additional 566,772 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% during the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after acquiring an additional 5,323,451 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. Janney Montgomery Scott LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after purchasing an additional 14,894 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in First Trust Morningstar Dividend Leaders Index by 9.6% during the 4th quarter. Stephens Inc. AR now owns 549,604 shares of the exchange traded fund’s stock worth $22,127,000 after purchasing an additional 48,174 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.0 %

Shares of FDL stock opened at $42.59 on Friday. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.01 and a twelve month high of $44.07. The stock has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $41.47. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index.